European Stars And Stripes (Newspaper) - February 5, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday february 1989 business news Dow posts 8-Point increase on the week new York up the Stock mar Ket posted a modest gain last week As renewed buying activity outweighed investors concerns about the possible negative effect of some stronger than expected economic reports. The Dow Jones Industrial average fell 2.50 to end the week at 2331.25. For the week however the Blue Chip Index gained 8.39 Points. Broader Market indicators also Rose on the week. The new York Stock Exchange composite Index advanced 1.72 to 166.50, while Standard and poor s 500-Stock Index climbed 2.85 to close at 296.67. Advances led declines 1,184-651 among investor s guide by Bill Doyle q. Interest from tax free municipal Bonds As Well As from Mutual funds and unit investment trusts holding municipal Bonds usually is lower than the taxable interest paid on other investments of similar Quality. Because of this you have written that people in the lowest income tax bracket can get More keeping Money from higher interest tax Able invest ments than is available from tax free  that s True for 1988, while the three Federal tax brackets Are 15, 28 and 33 per cent. But won t the Doyle Story change for 1989 and future years when i and other senior Citi Zens have to Send the irs More dollars to pay for the medicare catastrophic coverage act what will the tax brackets be then a. According to the discombobulated reasoning of our lawgiver who wrote it that legislation won t change the income tax brackets. I Don t go along with that theory. You and most other folks on medicare except the very poor will be writing larger checks to the irs. Technically the increase will be a supplemental Premium to pay for catastrophic health care coverage. We re supposed to accept the thought that this will not be an additional  however because it will be paid at the same time As fed eral income tax most people will Cal lit by that three letter word. You la Shell it out As a 15 per cent surcharge on your income Waxbill. You won t be hit with that charge on the first $150 of your 1989 income tax. Past that you Lipay an additional $22.50 for each $ 150 of tax next year. The Maxi mum supplemental Premium will be $800 $1,600 when both Hus band and wife Are on medicare. That extra bite will increase to $37.50 per $150 of income tax in 1990, $39 in 1991, $40.50 in 1992 and $42 in 1993. It has been calculated that this will increase the Federal income tax Brack ets for medicare enrollees to 17, 32 and 38 percent in 1989 and on up to 19,36 and 42 percent by 1993. But even if you end up in the 17 percent or 19 percent bracket you la probably do better with investments paying taxable income unless the spread difference in interest Between taxable investments and municipal Bonds Narrows. King features columnist Doyle welcomes your letters. You can write to him in care of the stars and stripes Apo 09211, . Forces the 2,154 issues traded. Big Board volume totalled 934,030,950 shares compared with 981,997,360 the previous week and960,625,280 a year ago. Analysts said buying activity was dampened by some profit taking As investors reacted negatively to Strong eco nomic reports that suggested the Federal Reserve May need to tighten credit conditions further to slow things Down. The government said personal income Rose 0.09 percent in december while new orders for consumer goods and Surg ing Stock prices helped push the Index of leading economic indicators up 0.6 per cent its largest increase since june. It also said a robust Economy in Jan uary created 408,000 new non far jobs which was higher than the 300,000 figure analysts had  Sharp. Increase in non farm payroll jobs was a disappointment said Gail Dudack Market analyst with . Warburg and co., who noted that . Retailers posted stronger than expected january sales reports As Well. Although the Market suffered from profit taking buying interest spilled Over from the previous week As investors capitalized on the weakness by purchasing stocks at lower prices in the Hope that the Market would extend its rally. Analysts credited the Dollar s recent strength for helping to improve the mar Ket s psychology which has become More bullish during the last two weeks. Rwjr Nabisco was the most Active Issue rising 2% to 98% As Kohlberg Kra vis Roberts and co. Came closer to completing its record $24.9 billion takeover of the tobacco and food  the american Stock Exchange the amex Market value Index Rose 3.31 to end the week at 324.88, posting its highest Clos ing level since the oct. 19,1987 crash. Advances led declines 483-345 among 1,028 issues traded on the amex. Vol ume totalled 66,229,695 shares com pared with 62,917,300 traded a week ear Lier and 56,532,480 traded in the same week a year ago. Nabisco merger gets conditional of Washington a the Federal Trade commission agreed Friday to allow the nation s biggest leveraged buyout to go through provided the two corporations involved which together account for one eighth of the food sold in the nation s supermarkets reduce their share of the markets for Ketchup Oriental foods and packaged nuts. The commission said it would not Challenge the $24.5 billion acquisition of Rwjr Nabisco by Kihlberg Kravis Rob erts & co. If kor within a year Sells the Chun King Oriental line of Rwjr Nabisco or the la Choy line of Beatrice Hunt Wesson inc., a unit of kor. The planters nuts line of Rwjr Nabisco or the Fisher nuts line of Beatrice. Fund prices from Page 19 Goth 18.50te by 10.79 Prus pc p 7.85prudential Bache Cal Mut 10.78cpdiv t  t Fiat fint gnat global Tel bunt Glrst 17.04 9.84 10.02 9.85 9.6114.43 10.2211.52 10.12   Hyld tinker t Mazt Murat Muhith Munt Mundt Murat Munt Mumith must Munct Munjat Munyat Mort Mouht  opt Trest tilt 9.278.94 9.7511.82 9.7910.61 10.9511.23 10.5310.55 10.4010.77 11.0910.96 10.2010.63 10.3110.86 11.0410.87 9.7915.14 8.5313.70 15.19putnam funds  Calyx cars p Contd Vrlic engr Gimp Georgg Lobl p Grolnic health inc p Hyld Hydell p income into cintes invest Matt  Ntxo Hext once Popin of Tell tax ext Hyt  Vista voyage  inc group   Reagor Chang reset 38.8841.23 15.6811.50 14.9912.61 14.80 9.8112.92 15.8211.81 17.78x 10.02 14.50 11.236.81 17.7826.96 7.4212.04 12.2512.15 16.97 12.1428.13 8.91 9.2725.55 13.9314.35 x 13.5119.09 21.4611.28 26.92 9.4712.73 9.88 5.61 13.7914.64 13.81 19.47 .0911.36 .02 no .02 10.78 .17.04 .01 9.84 .02 10.02 .019.859.61 .14.43 .01 10.22 .0311.52 .07 10.129.27 .018.94 .029.75 .0111.82 .02 9.79 .0110.61 .01 10.95 .0111.23 .02 10.53 .0110.55 .02 10.40 .0110.7711.09 .0110.96 .01 10.20 .10.63 .01 10.31 .0110.86 .01 11.04 .10.87 .9.79 .02 15.14 .02 8.53 .13.70 .03 15.19 .02 39.88 .0142.29 .05 16.46 .12.07 .02 16.38 .0113.24 .01 16.17 .10.30 .01 14.12 .0216.61 .05 12.91 .0119.43 .10 10.75 .1115.55 .12.047.30 .19.43 .02 29.46 .05 8.11 .12.04 .12.25 .01 12.15 .0117.82 .01 12.14 .30.17 .08 9.74 .10.13 .02 26.82 .01ml no .14.18 .12 20.86 .0123.45 .05 11.81 .0128.19 .06 9.94 .0113.36 .03 10.37 .02nl .02 14.79 .01nl .02 13.81 .01 High Lime group blues a 25.39 26.66 .01rtfp 31.37 no .06 go sep x 13.84 14.53 .11 or the 24.02 25.22 .09rochester ftps inv up 9.09 9.40 .05cnvlnp 6.17 6.38goth p 6.99 7.22 .01munip 16.0716.74tax 12.72 13.90 .02rodney Square a Nus 8.42 8.82 .01gwthp 10.53 11.17 .04 int leap 11.36 12.05 .09royce funds ingot 8.38 8.38 .01 value 8.38 8.38 .04totrtt 4.98 no .01 Rushmore group Sapid 13.11 no .02otcid 13.06 no .01 us gig 940 no .02us gov 9.65 no .01txflg 10.41 no. To fint 10.20 no .02sbsfcv 10.04 10.04 .03 lbs for 13.54 13.54set group in Vire 11.52 12.13 .04 equity 11.98 12.61 .07usgvp 6.64 6.99 .01 spiff ads deaf 11.90 11.90 .02 in Muf 10.0910.09 Tiff 11.41 11.41 .03 Sale co secur calf 11.29 no .02equit 9.16 no .03 growth 15.62 no .06inco 14.86 no .01 munic 13.23 no .02usgov 9.07 no .01 Salmi in 9.68 9.68 .02 Sale map 14.52 14.52 .04schieldp 11.10 11.56 .02 Schror 7.45 7.45 Scudder funds Calyx 10.47 no .02capgt 18.16 no .07 devel 21.59 no .13eqtyln 11.47 no .01 gen90 10.15 no .01globl 15.68 no .07 Gama 14.19 no .01gold 11.23 11.23 .03 Grain 13.96 no .04incom 12.59 no. Int Ltd 11.94 no .01intlfd 34.56 no .18 mob 8.68 no .02matx 12.39 no .01 Nytar 10.74 no .01txfhi 11.22 no .01 txfr90 10.04 no. Txfr93 10.57 no .txfr96 10.75 no .01 a eaglet 9.96 no .02security funds action 9.19 .02bondp 7.48 7.85 .01 equity 5.10 5.57 .01invest 8.45 9.23 .01 on if 2.80 3.06 .01ultra 6.67 7.29 .02 selected funds Amshy 14.55 14.55 .07 spa she 18.02 18.02 .06seligman group caped 11.14 11.70 .11colotx 7.06 7.41 .01 pm St 11.9812.58 co Mun 11.01 11.56 .01 flax 7.00 7.35 .01growth 4.67 4.90 .01 Inco 12.40 13.02 .01latx 7.88 8.27 Rwjr Nabisco s Del Monte Ketchup or Beatrice s Hunt Ketchup. Kor s tender offer for Rwjr Nabisco shares was to expire at Midnight Mon Day but late Friday kor extended its offer to 10 . Thursday. The second step of the merger process involving the Exchange of securities not tendered to kor must still occur and there is no time limit for completion of that portion of the Deal. A spokesman for kor said that to his knowledge no decisions had been made on which product lines to keep an which to sell. Under an agreement Between the Etc and Kohlberg Kravis Roberts kor must maintain Rwjr Nabisco As a Sepa rate operation until the three product lines Are sold. Without these divestitures said Jef Frey Zuckerman head of the commis Sion s Bureau of Competition prices could be increased to the detriment of  though there Are other overlapping lines Zuckerman said we Are satisfied at this Point that the Deal will not substantially Lessen Competition in any other product  before divestitures the merged com Pany would control about 12 /2 percent to 13 percent of the Market for manufactured foods Zuckerman said. Zuckerman declined to give estimates of the Market share held by each line. A asst 7.70 8.08.01mdtx 7.59 7.97michta 8.11 8.51minnox 7.65 8.03 Mot 7.31 7.67 .01 Nat Ltd 7.80 8.19 .01 note p 7.19 7.55 .01nytax 7.73 8.12 .01 of Iota 7.86 8.25orte 7.01 7.36 .01patqp 7.52 7.90cayax 6.38 6.68cat a 6.50 6.81 .01 site 7.39 7.76 .01gvgtdp 7.09 7.44 .01 by dip 7.12 7.48 .01mtgscp 6.68 7.01 .01 Sentinel group Balan 12.50 13.66 .01 Bond 6.03 6.59 .01coms 23.14 25.29.01 go self 9.29 10.15 .01grwth 12.36 13.51 .08 Sequoia 40.41 40.41 .02sentry 11.84 12.87 .02 Shearson funds a mgr 15.80 16.63 .02aprec 29.93 31.51 .03 Attar 54.40 57.26 .14atln 104.26104.26-.49 Calm 15.55 16.37 Ovsec 9.79 10.31 .02 Edval 6.15 6.47 .01glbop 25.17 26.49 .01 High cd 17.61 18.54 .01lehca 17.08 17.98 .02 leh lev 16.33 17.19 .02mgdgv 12.03 12.66 .02 Mun 14.91 15.69namu 11.97 12.60 .01nymu 16.07 16.92 .01 Primm 16.28 17.14 .02smcap 14.40 15.16 .07 Shearson ports Bassit 13.32 13.32 .02 Conett 13.31 13.31 .01glbbdt 16.23 16.23 .01 Glbert 11.47 11.47 .01gvsect 8.81 8.81 .01 grop t 15.61 15.61 .08gwtht 12.14 12.14 .01 he but 10.47 10.47 Hilnic t 13.89 13.89 .01 int get 11.09 11.09 .01intlt 17.24 17.24 .20 it get 8.13 8.13 .01mtgsct 10.76 10.76 .01 most 53.31 53.31 .23optlnt 13.26 13.26 .01 or Catt 14.00 14.00 .01sectrt 10.61 10.61 .01 Splett 12.60 12.60 .03 Stratt 15 .09 15.09 .02txext 16.90 16.90 .01 tilt 12.30 12.30 .02shrmdp 7.16 no .02 Sigma funds capita 8.50 9.04 .02 i sight 6.57 6.99 .04isits 10.74 11.43 .01 i cop 8.33 8.72 inv sep 10.40 11.06 .01 Patay 12.16 12.73 a pulp 8.97 9.54 .02 to feb 9.00 9.42trust p 13.6614.53us Gap 11.88 12.44 .01valshp 9.63 10.24vent 8.57 9.12 .05 or lip 13.75 14.63 .11sitnbg 27.52 no .01 sky bal p Una Vail sky sep 11.03 11.47 .01smith Barney equity 13.50 14.06 .05incgro 11.66 12.37 .03 Incret 9.10 9.22 Mogot 11.81 12.30 .01 mural 11.43 11.91 Munnt 12.31 12.82a sgt 12.80 13.33 .01 so Gene 17.21 17.88 .05soundsh, 13.71 no .05 Samut 12.54 12.54 .02sthestgt 13.72 13.72 .07 Sovern 11.60 12.21 state Bond Gap Cost 6.65 7.27 .02divers 7.83 8.56a roars 9.98 10.91 .02taxex 10.46 10.95us Gap 4.79 5.04 is far mods Balan 19.31 19.31 .07 Goth 14.27 14.27 .09muni 7.87 7.87st Street Resh pc 143.3014.30 .29grwth 80.67 80.67 .18 inv -77.73 78.10 .32sleadman funds Amend 2.23 no .01assoc .63 no. 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Tresh 10.36 no unified a gent Genrl 8.63 no Goth 20.56 no .17 Inco 11.06 no .03indian 8.87 no. 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